When I studied the agreements, they were between the CMHC and the government for a co-operative or a public housing provider to provide for the operational costs of the project, or the development was to provide the money to pay the mortgage and to provide for maintenance of the property.
All of those things were in the line items of those agreements. So when you talk about—and I've talked to many social housing providers about this—how they're governed by a governance body for that development, let's say a board of directors for XYZ co-op, they had money in each of those years to maintain the properties in good shape and to spend capital expenditures on things like roofs and such. All the while the mortgage was being paid down and that was all funded in the operating agreement.
Am I mistaken or am I correct?